Summer Academy Norway, Week 6 – International Case Competition: Last week was pretty exciting. Interns from Nordea Markets FICC in Finland, Denmark, Sweden, and Norway were divided into cross national teams to participate in a case competition. The teams were given a short brief about the company in matter, and were then supposed to perform a financial risk analysis, make a hedge proposition, and analyse the liquidity.
The case ran alongside our usual duties, making the week a bit more demanding than regular weeks. But, of course, nothing we couldn’t handle! A total of four teams submitted their answers before the deadline, and we are now waiting for the jury to announce the winning team. The champions will get to present their presentation for the members of the FICC management in Stockholm.
For many of us this was the first encounter with the modern way of communicating. All meetings were run through Skype (without video streaming), resulting in most team members completing their case without ever meeting each other. Despite the unfamiliar situation, all meetings went smooth without anybody interrupting each other.
Most meetings in Nordea are actually run through Skype, so we better get used to it. For example, every morning there are morning calls that everyone are free to join, allowing for efficient sharing of information across Nordea’s many offices. For example, the morning following Brexit more than 200 Nordea employees joined the Skype call to get updates from the FX analysts and their view on the market.
We are now back to having full focus on our regular projects, which are indeed starting to take shape. This week we will have an exam (like we don’t have enough exams during our time at uni), followed by a celebration dinner. Except that we won’t get dinner unless we attain 37 more likes on Nordea Karriere page on facebook. So please go to https://www.facebook.com/NordeaKarriere/?fref=ts and Like!
Stay tuned – and we’ll keep you posted on who won the Case Competition, our exam, if we got dinner … and much more.
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